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michael-walsh
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January 2016 Single Family Housing Market
Lockport, IL 60441
Single Family data taken from the MRED MLS
In the last 30 days there were 18 closed sales of detached homes, 40 went under contract and there were 56 new listings
In the last 12 months median sales prices increased +4.8%
Marketing Time increased +1.1% to an average of 93 days on the market
Now there is a 6.7 Month Supply of Inventory at the current level of absorption, this level is considered a oversupply.
Distressed sales, Bank Owned and Short Sales account for approximately 22% of total sales
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